McCormick Acquires Unilever Food Arm in $44.8 Billion Merger [Yahoo! Finance]
Unilever PLC American Depositary Shares (each representing One Ordinary Share) (UL)
US:NYSE Investor Relations:
unilever.com/investor-relations
Company Research
Source: Yahoo! Finance
(Bloomberg) -- Unilever Plc agreed to combine its food business with spice maker McCormick & Co. in a $44.8 billion deal that will create a global seasonings, sauces and condiments company. Under the agreement, McCormick will pay $15.7 billion in cash and the equivalent of $29.1 billion in shares for most of Unilever's food business. That will leave Unilever and its shareholders with 65% of a combined entity that owns brands like French's mustard and Hellmann's mayonnaise. The deal is the biggest in the histories of both companies and will help recast Unilever as a global leader in beauty, personal and home care while turning McCormick into a leading competitor in the global packaged food business. Investor reaction to the highly ambitious move by both companies was underwhelming. McCormick, which is worth $14.4 billion, fell as much as 10% in US trading. As of the last close, the stock has fallen 21% this year. Shares of Unilever, which has a market value of about £99 billion
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News
- Unilever PLC (UL) Shareholder/Analyst Call Transcript [Seeking Alpha]Seeking Alpha
- McCormick set to buy Unilever Foods, adding Hellmann's, Knorr and more to portfolio [Yahoo! Finance]Yahoo! Finance
- Unilever Combines Food Business With McCormick in $44.8 Billion Deal [Yahoo! Finance]Yahoo! Finance
- In a $45 Billion Deal, McCormick Is Buying Unilever's Food Business. Is This a Good Strategic Move for the Spice Giant? [Yahoo! Finance]Yahoo! Finance
- A complicated exit: RBC wary of Unilever's food reshuffle [Yahoo! Finance]Yahoo! Finance
UL
Sec Filings
- 3/31/26 - Form 425
- 3/31/26 - Form 425
- 3/31/26 - Form 425
- UL's page on the SEC website